Hydraulic Excavators Research:CAGR of 5.0% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Hydraulic Excavators- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Hydraulic Excavators market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Hydraulic Excavators was estimated to be worth US$ 48460 million in 2024 and is forecast to a readjusted size of US$ 65230 million by 2031 with a CAGR of 4.4% during the forecast period 2025-2031.

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Hydraulic Excavators Product Overview

A hydraulic excavator (digger) is a large vehicle that is designed for excavation and demolition purposes. Hydraulic excavators consist of a chassis, boom, and bucket, and move via tracks or wheels. They range in size and function, an example of which is the similar but smaller "mini excavator."

Driver: increasing in the investments by private construction companies & government in infrastructure development such as residential, commercial & industrial projects. Large-scale projects in the oil and gas, mining, road construction & port construction, have also led to an increase in the demands of the excavator. Construction of infrastructure and roads is anticipated to increase rapidly in developing countries such as China and India.

1. Hydraulic Excavators are mainly classified into the following types: Mini (0-6t), Small (6-15t). Mid (15-30t) and Large (>30t) Excavators. Mini and Small products are the most widely used type which took up about 60.91% of the total sales in 2025, but due to the higher price level of large excavator product, the Mini and Small product only hold about 26.86% of global market size in value.

2. Hydraulic Excavators have wide range of applications, such as Building/Real Estate, Public Utilities, Mining and Oil Well etc.

3. Asia Pacific is a fast developing region of Hydraulic Excavators in the world in the past few years and it will keep increasing in the next few years. China market took up about 34.29% the global consumption market in 2025, it will reach to 35.68% of global consumption market mainly because the higher growth of economics.

4. USA, EU, Japan, China and South Korea are now the key producers of Hydraulic Excavators. Many big players in this industry set plant in China, both on the machine and parts, so China holds around 40% of the global total production volume.

5. Caterpillar, Hitachi Construction Machinery, SANY, Komatsu, XCMG, Volvo, Kobelco, CNH Industrial (CASE), Liebherr, Develon, etc. are the key suppliers in the global Hydraulic Excavators market. Top 5 took up more than 50% of the global market in 2025. Caterpillar, Hitachi Construction Machinery etc. which have leading technology and market position, are well-known suppliers around the world.

6. Looking ahead, the market is still very dynamic, especially in developing countries and regions.

Hydraulic Excavators Market Summary

According to the new market research report "Global Hydraulic Excavators Market Report 2024-2031", published by QYResearch, the global Hydraulic Excavators market size is projected to grow from USD 49.29 billion in 2025 to USD 65.96 billion by 2031, at a CAGR of 5.0% during the forecast period.

Figure00002. Global Hydraulic Excavators Market Size (US$ Million), 2020-2031

Hydraulic Excavators

Above data is based on report from QYResearch: Global Hydraulic Excavators Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00003. Global Hydraulic Excavators Top 10 Players Ranking and Market Share (Ranking is based on the revenue of 2025, continually updated)

Hydraulic Excavators

Above data is based on report from QYResearch: Global Hydraulic Excavators Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Hydraulic Excavators such as Caterpillar, Hitachi Construction Machinery, SANY, Komatsu, XCMG.

In 2024, the global top five Hydraulic Excavators players account for 50.9% of market share in terms of revenue. Above figure shows the key players ranked by revenue inHydraulic Excavators.

Figure00004. Hydraulic Excavators, Global Market Size, Split by Product Segment

Hydraulic Excavators

Based on or includes research from QYResearch: Global Hydraulic Excavators Market Report 2020-2031.

In terms of product type, type four is the largest segment, hold a share of 42.7% in 2024,

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Hydraulic Excavators market is segmented as below:
By Company
Caterpillar
Hitachi Construction Machinery
Komatsu
CNH Industrial (CASE)
Sumitomo
Hyundai Construction Equipment
Kobelco
Liebherr
John Deere
SANY
XCMG
Kato Works
Develon
JCB
Volvo
Zoomlion
Liugong Group
Sunward
Lonking
Shantui

Segment by Type
Mini Excavator (Below 6t)
Small Excavator (6-15t)
Medium-Sized Excavator (15-30t)
Large-Sized Excavator (Above 30t)

Segment by Application
Building and Real Estate
Public Utilities
Mining and Oil Well
Others

Each chapter of the report provides detailed information for readers to further understand the Hydraulic Excavators market:

Chapter 1: Introduces the report scope of the Hydraulic Excavators report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Hydraulic Excavators manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Hydraulic Excavators market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Hydraulic Excavators in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Hydraulic Excavators in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Hydraulic Excavators competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Hydraulic Excavators comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Hydraulic Excavators market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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